Grant of Options under SAYE Plan & PDMR Notice

The Company announces the grant of options under the Zotefoams Save As You Earn Plan (the "SAYE Plan"), the HMRC tax-advantaged all-employee savings-related share option plan approved by shareholders at the General Meeting held on 3 August 2026.

The SAYE Plan was made available to all eligible employees, providing them with the opportunity to participate in the future growth of the Company through share ownership.

A total of 57 eligible employees elected to participate and, pursuant to those elections, options over 127,505 ordinary shares of 5 pence each were granted on 11 September 2026.

The exercise price of £3.48 per share was derived from the average middle market closing price of 435.0 pence per share over the three dealing days immediately preceding the invitation date, less the maximum 20 per cent discount permitted under HMRC-approved SAYE legislation and the rules of the SAYE Plan.

Options are linked to a three-year savings contract and will normally be exercisable during the six-month period following maturity of that contract on 1 November 2029.

Ronan Michael Cox, Group CEO, and Nick Wright, Group CFO, participated in the SAYE Plan on the same terms as all other eligible employees. Each was granted options over 5,172 ordinary shares.

The notification forms for the PDMRs are set out below and are disclosed in accordance with Article 19 of the UK Market Abuse Regulation.

AZOTE®, ZOTEK®, and T-FIT® are registered trademarks of Zotefoams plc

NOTIFICATION OF DEALING FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

Ronan Michael Cox - Group CEO

• Details of the person discharging managerial responsibilities / person closely associated

Nick Wright - Group CFO

• Details of the person discharging managerial responsibilities / person closely associated